Danske Invest SICAV

Euro Investment Grade Corporate Bond Class I

Morningstar Rating™ : - Sustainability : - ISIN: LU0249702647
Documents
Factsheet
Key Investor Information Document
Articles of incorporation
Prospectus
ESG restriction report
Carbon footprint report

15.632

NAV as of 20.11.2020

+0.08%

Return 1 day

+0.89%

Return 1 month

+3.00%

Return (year-to-date)

Objectives and investment policy

Objectives

The objective of this fund is to achieve above-market performance. The share class is accumulating.

Investment policy

The fund invests mainly in investment grade bonds from anywhere in the world.

Specifically, the fund invests at least two-thirds of net assets in corporate bonds and other debt instruments that are traded on a regulated market and are rated from A1/A+ to Baa3/BBB- (or similar).

At least 90% of the fund's investments are denominated in, or hedged into, EUR.

The total duration, including cash, is the benchmark duration plus/minus 2 years. The duration indicates among others the price risk of the bonds in which the fund invests. The lower the duration, the more price stable the bonds, if interest rates change.

In actively managing the fund's portfolio, the management team selects securities from a wide range of companies and sectors that appear to offer superior investment characteristics. The fund generally expects that its holdings, and therefore its performance, may differ significantly from those of the benchmark.

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.



Sustainability profile

Common to all funds labelled "Integrated" is that they are actively managed by a team of portfolio managers who work with sustainability as an integral and systematic element of the investment process.


The LuxFLAG ESG label
This fund complies with the requirements of LuxFLAG ESG, which is one of the oldest sustainability labels in Europe. Certification entails meeting extensive requirements with respect to the work done on sustainable investments. You can read more here.

Return

Euro Investment Grade Corporate Bond Class I
Benchmark
Return
Annual return
Monthly excess return compared to benchmark
1 year
3 years
5 years
Since launch

to
Compare with other fund ...
Aktiv Förmögenhetsförvaltning Class SIDanske Invest SICAV
Danish Mortgage Bond Class IDanske Invest SICAV
Danish Mortgage Bond Class I-chf hDanske Invest SICAV
Danish Mortgage Bond Class I-eur hDanske Invest SICAV
Danish Mortgage Bond Class I-eur h dDanske Invest SICAV
Denmark Focus Class IDanske Invest SICAV
Eastern Europe Class IDanske Invest SICAV
Emerging Markets Debt Hard Currency Class IDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur hDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-eur h dDanske Invest SICAV
Emerging Markets Debt Hard Currency Class I-sek hDanske Invest SICAV
Emerging and Frontier Markets Class IDanske Invest SICAV
Emerging and Frontier Markets SMID Class DDanske Invest SICAV - SIF
Euro Sustainable High Yield Bond Class I Danske Invest SICAV
Europe Class IDanske Invest SICAV
Europe Class SI-sekDanske Invest SICAV
Europe High Dividend Class IDanske Invest SICAV
Europe Long-Short Equity Factors Class I pDanske Invest SICAV
Europe Small Cap Class IDanske Invest SICAV
European Corporate Sustainable Bond Class IDanske Invest SICAV
European Corporate Sustainable Bond Class I-dkk h dDanske Invest SICAV
European Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
European Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Corporate Sustainable Bond Class IDanske Invest SICAV
Global Corporate Sustainable Bond Class I-nok hDanske Invest SICAV
Global Corporate Sustainable Bond Class I-sek hDanske Invest SICAV
Global Emerging Markets Class IDanske Invest SICAV
Global Emerging Markets Class I dDanske Invest SICAV
Global Emerging Markets Small Cap Class IDanske Invest SICAV
Global Index Class SIDanske Invest SICAV
Global Inflation Linked Bond Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class IDanske Invest SICAV
Global Inflation Linked Bond Short Duration Class RIDanske Invest SICAV
Global Sustainable Future Class IDanske Invest SICAV
Horisont Aktie Class SIDanske Invest Allocation
Horisont Balanserad Class SIDanske Invest Allocation
Horisont Försiktig Class SIDanske Invest Allocation
Horisont Offensiv Class SIDanske Invest Allocation
Horisont Ränta Class SIDanske Invest Allocation
Japan Class IDanske Invest SICAV
Multi Asset Inflation Strategy Class IDanske Invest SICAV
Nordic Corporate Bond Class IDanske Invest SICAV
Nordic Corporate Bond Class I-nok hDanske Invest SICAV
Russia Class IDanske Invest SICAV
SRI Global Class SIDanske Invest SICAV
SRI Global Class SI dDanske Invest SICAV
Sverige Beta Class SIDanske Invest SICAV
Sverige Class SIDanske Invest SICAV
Sverige Kort Ränta Class SIDanske Invest SICAV
Sverige Kort Ränta Class SI dDanske Invest SICAV
Sverige Ränta Class SIDanske Invest SICAV
Sverige Småbolag Class SIDanske Invest SICAV
US High Yield Bond Class IDanske Invest SICAV
Historical return is no reliable indicator of future return.
This fund was previously launched under Danske Invest, a Luxembourg fonds commun de placement. The chart reflects the fund's past performance prior to the merger of the fund into the Danske Invest SICAV structure in March 2017.

Risk indicator

Lower risk

Higher risk

Typically lower return

Typically higher return

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The indicator illustrates the typical correlation between the risk and your potential return of the investment. The categorization is determined by the fluctuations in the fund's net asset value over the past five years and/or representative data.

Significant historical volatility equals high risk and low volatility equals lower risk. Please note that the fund’s categorization is not constant and the categorization may change over time. Historical performance data is not necessarily a reliable indicator of the future risk profile.

The risk indicator is purely a mathematical calculation and it does not take devaluations, political intervention and sudden fluctuations in interest rates and currencies into account. Risk class 1 is not a risk-free investment.
 

Value of
Click to change the amount

0 years
years
8 years
years

of which n/a € in dividends.
Total charges during the period:
n/a €.

Historical return is no reliable indicator of future return.
Show table

Value of EUR 100

PeriodeVærdi
1 year runningEUR 101.53
3 years runningEUR 107.38
5 years runningEUR 117.00
7 years runningEUR 128.77
Historical return is no reliable indicator of future return.
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Manager

Bent Høegh-Jensen

Title: Chief Portfolio Manager
Background: M.sc. (Economics & Business Administration)
Years of experience: 18

Danske Bank Asset Management

Danske Bank Asset Management is an international asset manager and part of Danske Bank Wealth Management – a division of the Danske Bank Group.

Danske Bank Asset Management is Danske Invest’s main investment manager. Danske Bank Asset Management focuses its resources on selected core investment areas. These areas are Nordic equities, European equities, Eastern European equities, global equities, Nordic fixed income, European corporate bonds, global inflation-linked bonds, emerging markets debt as well as index based investments. Danske Bank Asset Management also manages hedge fund strategies within both equities and fixed income.

Asset allocation as of 30.09.2020


Please note that all holdings are delayed with 1 month.
Euro Investment Grade Corporate Bond Class I

Holdings as of 30.09.2020

Name of investment/security Weight Type Currency Country ISIN code
2,5 VOLKSWAGEN BANK 31/07-2019/2026 000000000000001.921.92% Bonds EUR Germany XS1944390597
1,413 FCC AQUALIA SA 08/06-2017/2022 000000000000001.811.81% Bonds EUR Spain XS1627337881
0,75 AUTOLIV INC 26/06-2018/2023 000000000000001.581.58% Bonds EUR Sweden XS1713462585
2,875 AB INBEV SA/NV 02/04-2020/2032 000000000000001.381.38% Bonds EUR Belgium BE6320935271
UNICREDIT SPA FRN 25/06-2019/2025 000000000000001.271.27% Bonds EUR Italy XS2017471553
BNP PARIBAS FRN 23/01-2019/2027 000000000000001.241.24% Bonds EUR France FR0013398070
BP CAPITAL PLC FRN PERP/CALL 000000000000001.241.24% Bonds EUR United Kingdom XS2193661324
UNIBAIL-RODAMCO FRN PERP/CALL 000000000000001.231.23% Bonds EUR France FR0013330529
1,125 TELE2 AB 15/05-2018/2024 000000000000001.151.15% Bonds EUR Sweden XS1907150350
Spb 1 Østlandet 18/23 0,875% 000000000000001.151.15% Bonds EUR Norway XS1790931114
Please note that all holdings are delayed with 1 month.

Charges

The charges you pay are used to cover the costs of running the fund, including marketing costs and distribution. These charges reduce the potential growth of your investment.

Charges taken from the fund over a year

One-off charges taken before or after you invest

Other charges *)

*) Other charges are charges which entirely or partially are included in the ongoing charges and/or one-off charges.
Euro Investment Grade Corporate Bond Class I

Facts about the fund

  • Basic information

    Basic information

    ISIN code LU0249702647
    Listed on stock exchange No
    Sub-fund of Danske Invest SICAV
    Fund domicile Luxembourg
    Dividends No
    Management company Danske Invest Management A/S
    Man. company domicile Denmark
    Depositary RBC Investor Services Bank S.A
    Minimum initial investment EUR 100,000
    Currency EUR
    Price method Single Price
    Legal type UCITS
    Launch date 01.07.2011
    Bloomberg ticker DIGCBIC LX
    Wertpapierkennnummer A1JRB4
    Marketing permission (Retail) Denmark, Sweden, Luxembourg, Germany, Austria, United Kingdom, Norway, Finland, Switzerland
    Marketing permission (Professional) Denmark, Austria, Germany, Luxembourg, Sweden, United Kingdom, Finland, Norway, Switzerland
  • Profile

    Profile

    Profile Actively managed
    Type Fixed income
    Investment area Global
    Benchmark Bloomberg-Barclays Capital Euro-Aggregate 500MM Corp A-BBB Index.
    Recommended investment horizon 3 years
  • Today's figures

    Today's figures

    Total assets, mill. EUR as of 19.11.2020 448.09
    Net asset value (NAV) EUR as of 20.11.2020 15.632
    Duration as of 30.10.2020 5.23
    Yield to maturity as of 30.10.2020 0.71
  • Risk key figures as of 31.10.2020

    Risk key figures as of 31.10.2020

      1 year 3 years 5 years 7 years 10 years
    Avg. annual return (%) 1.53 2.40 3.19 3.68
    Sharpe Ratio 0.53 0.80 0.94
    Volatility 5.19 4.38 4.09
    Tracking Error 0.54 0.62 0.77
    Information Ratio 0.62 0.63 0.74
    Calculation is based on end-of-month data.
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